Pantera Capital

Last updated
Pantera Capital
Pantera Advisors, LLC
Company typePrivate
Founded2003;22 years ago (2003)
FounderDan Morehead
Headquarters,
U.S.
Area served
Products
AUM US$5 billion (2025)
Website Official website

Pantera Capital is an American venture capital and hedge fund firm focused on digital assets headquartered in San Francisco, California. [1] [2] The fund specializes in cryptocurrencies and blockchain technology. [3] [4] It is one of the largest digital asset funds in the world by managed assets. [5]

Contents

History

The firm was founded in San Francisco, California in 2003 by Dan Morehead, before opening offices on Silicon Valley's Sand Hill Road. [6] Morehead was previously the Head of Global Macro Trading and CFO at Tiger Management and is seen as one of the fund's "tiger cubs." [7] The fund was initially focused on global macro before focusing solely on blockchain with Paul Veradittakit. [8]

Funding

In 2013, Pantera launched the first institutional investment fund focused on Bitcoin in the United States. [2] [3] The fund opened an office in New York during the early 2000s and established operations in Puerto Rico in 2021. [9] [10]

Pantera launched its second and third venture funds in 2014 and 2018, respectively. Venture Fund II raised $23 million while Venture Fund III raised $175 million.

See also

References

  1. "Pantera Capital Management LP". Bloomberg. Retrieved 2025-04-02.
  2. 1 2 Popper, Nathaniel (2017-12-19). "A Bitcoin Hedge Fund's Return: 25,004% (That Wasn't a Typo)". The New York Times. ISSN   0362-4331 . Retrieved 2021-06-03.
  3. 1 2 Leising, Matthew (27 February 2021). "Coinbase Mafia Shows How Tight a Circle Holds Sway Over Bitcoin". Bloomberg. Retrieved 2021-06-03.
  4. Fletcher, Laurence (2020-05-21). "Crypto hedge funds struggle to recover from 'bloodbath'". Financial Times. Retrieved 2021-06-03.
  5. Kharif, Olga (December 27, 2023). "Crypto Hedge Funds Gear Up for 'Token Mania' After 2023 Rebound". Bloomberg. Retrieved January 14, 2024.
  6. Ballentine, Claire (13 May 2021). "Crypto Fund Pantera Says Bitcoin Energy Concern to Impact Market". Bloomberg. Retrieved 2021-06-03.
  7. "How a former Goldman trader built a $US5.6b crypto behemoth". Australian Financial Review. 2022-01-24. Retrieved 2024-01-15.
  8. "Paul Veradittakit Journey with Pantera Capital in Crypto". bitget.com. 2025-03-12. Retrieved 2025-03-30.
  9. Francesca, Maglione (December 11, 2021). "Zero Taxes, Golf and Beach Houses Create a Crypto Island Paradise". Bloomberg. Retrieved January 14, 2024.
  10. Sigalos, MacKenzie (2022-01-16). "Bitcoin millionaires are moving to Puerto Rico for lower taxes and island living". CNBC. Retrieved 2024-01-15.